Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual ...

The Consumer Financial Protection Bureau (CFPB) announced today it’s suing Capital One for “cheating millions of consumers” who held its flagship 360 Savings account out of more than $2 ...

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial ...

The complaint, filed Tuesday, alleges that Capital One froze the interest rate for its "360 Savings" accounts at a low level for several years, even as national rates increased. The CFPB claims ...

The Consumer Financial Protection Bureau sues Capital One for allegedly deceiving consumers about interest rates, costing them over $2B in lost interest.

Capital One promised very high interest rates on millions of savings accounts but the bank didn't deliver, losing customers more than $2 billion, the Consumer Financial Protection Bureau alleged.

The bank didn't notify 360 Savings accountholders about the new product, "and instead worked to keep them in the dark about these better-paying accounts," said the CFPB, which estimated the ...

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, accusing the bank of misleading ...